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Microcap & Penny Stocks : UNIVERSAL EXPRESS INC - USXP
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To: Patrick Lauder who wrote (682)7/2/1998 2:50:00 PM
From: TraderGreg  Read Replies (3) of 2493
 
I believe the confusion on pre-split shares occurred when someone called USXP and was told there were between 1 and 1.5mm shares long NOW, post split. Thus, multiplying by 70, would give us 70 to 105 mm pre split.

However, the class B shares, of which there are about 1 mm, DID NOT REVERSE. Only the 37mm class A shares did the reverse to around 530,000.

I believe that explains the confusion.

TG
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